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HSBC plans three-year capped trigger gears tied to S&P 500
By Wendy Van Sickle
Columbus, Ohio, March 7 – HSBC USA Inc. plans to price 0% capped trigger gears due March 31, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 2 times any index gain, up to a maximum return of 35.4% to 40.4%.
If the index falls by up to the 75% downside threshold, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
The notes will price on March 26.
The Cusip number is 40436A149.
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